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Betsson AB (BETSb.ST)

BETSb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Betsson beats EBIT forecasts Q1
Thursday, 27 Apr 2017 01:30am EDT 

April 27 (Reuters) - Betsson AB :Q1 revenue increased by 10.2 percent to SEK 1,102 million Casino revenue increased by 23.0 percent..Says Q2 is normally seasonally weak.Says quarter has started with higher revenues than daily average for Q2 last year, but lower than daily average revenue for Q1 2017.Says underlying activity remains strong.Q1 EBIT SEK 240.9 million (250.1).Reuters poll: Betsson Q1 revenues were seen at SEK 1,116 million , operating income SEK 227 million.  Full Article

Betsson appoints Kaaren Hilsen new CFO
Friday, 21 Apr 2017 04:00am EDT 

April 21 (Reuters) - Betsson AB :Says appoints Kaaren Hilsen new CFO.Says Hilsen is currently CFO of Telenor Sweden, a position she has held for four years.  Full Article

Betsson says offer to acquire Netplay TV sanctioned by court
Wednesday, 29 Mar 2017 06:30am EDT 

Betsson : Says offer to acquire UK gaming operator Netplay TV sanctioned by court and will be completed . Says the total offer consideration amounts to GBP 26.4 million (on a fully diluted basis) and one-off transaction costs, which will be reported in the first quarter results, amounted to SEK 4.3 million .Says the currently outsourced customer service and payment operations will be centralised to Malta and crucial CRM and VIP functions will be moved closer to the rest of the Betsson business.  Full Article

Betsson says offer for Netplay TV approved by shareholders
Thursday, 23 Mar 2017 08:00am EDT 

Betsson : Says Betsson's offer to acquire UK gaming operator Netplay TV approved by shareholders .Says offer is still subject to the High Court of Justice sanctioning the offer.  Full Article

Betsson acquires Spanish Premier Casino for EUR 3 mln
Friday, 3 Mar 2017 02:00am EST 

Betsson : Says acquires licensed Spanish operator . Says purchase price payable in cash is EUR 3.0 million and the acquisition is expected to close at the end of March 2017 . Says enters the Spanish gaming market by acquiring the locally licensed online gaming operator Premier Casino .Says Premier Casino is a pure-play casino operator, but also holds General licenses for sports betting and other games online. The operator has 260,000 registered customers.  Full Article

Betsson Q4 profit and revenue just below forecasts
Thursday, 9 Feb 2017 01:30am EST 

Betsson Ab : Q4 revenue amounted to SEK 1,118.5 (1,041.1) million . Q4 operating income amounted to SEK 265.1 (174.4) million . Reuters poll: betsson q4 revenues were seen at 1,121 million SEK, operating income 269 million SEK, dividend at SEK 4.42per share .Says board of directors proposes distribution of SEK 4.76 (4.51) per share.  Full Article

Betsson makes recommended cash offer for UK NetPlay TV
Thursday, 2 Feb 2017 02:08am EST 

Betsson AB : Betsson makes recommended cash offer to acquire UK operator NetPlay TV . Says cash offer is GBP 0.09 per share, corresponding to a total consideration of GBP 26.4 million . Says offer is subject to, amongst other things, approval of Netplay shareholders and also High Court of Justice in UK and is expected to be closed in April 2017 .Says obtained signed statements of support from top two shareholders of netplay, Directforce Trading Limited and Henderson Global Investors and also from the Directors of NetPlay - The holdings of these shareholders represent, in aggregate, 39.25 pct of NetPlay's issued share capital..  Full Article

Betsson Q2 operating profit drops in line with expectations
Thursday, 21 Jul 2016 01:30am EDT 

Betsson AB : Q2 revenue increased by 9 percent to SEK 935.4 (860.6) million . Q2 operating income amounted to SEK 158.3 million SEK (213.8) . Betsson revenues were seen at 934 mln SEK, operating income 160 mln SEK . Says Q3 has started with daily revenue significantly above average of Q2 .Betsson issued a profit warning last month [nFWN19J0TX].  Full Article

Betsson posts preliminary Q2 results amid Sportsbook sales drop
Tuesday, 28 Jun 2016 02:15am EDT 

: Betsson ab says group revenues in q2 2016 are estimated to be between sek 920 million and sek 945 million, and operating profit (ebit) is estimated to be between sek 140 million and sek 175 million . Betsson ab says lower sportsbook revenues and unfavourable exchange rate fluctuations have had a negative impact on group revenues and earnings for q2 . Betsson ab says sportsbook revenues are estimated to be between sek 205 million and sek 230 million, compared to sek 206.4 million in q2 2015 . Betsson ab says lower than expected revenue is an effect of lower turnover in multiple markets, as well as losses in a strategic market . In addition, Betsson has closed a number of European markets during the past twelve months, as a consequence of a more conservative stance on what markets to accept players from . Betsson ab says exchange rate fluctuations are estimated to have a negative impact on revenues of approximately sek 30 million .Says April and May were challenging months for us in terms of sportsbook margin, but June looks better and activity is in line with expectations.  Full Article

Betsson says subsidiary wins gaming license in Latvia
Monday, 2 May 2016 06:35am EDT 

Betsson AB:Says is now licensed in Latvia.Says one of Betsson subsidiaries has for the brand Triobet, received a gaming license to operate in Latvia.Owns operations with local licenses in Malta, Denmark, UK, Ireland, Italy, Estonia, Georgia and Latvia.  Full Article

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BRIEF-Betsson beats EBIT forecasts Q1

* Q1 revenue increased by 10.2 percent to SEK 1,102 million Casino revenue increased by 23.0 percent.